🚀 The Bitcoin market is about to face turbulence! Deribit CEO Luuk Strijers revealed that derivatives traders are preparing for a bullish trend in Bitcoin following the US elections on November 5! 📈
Data shows that the number of Bitcoin call options expiring on November 8 is twice that of put options, making it the first options contract to expire after the US presidential election! 💥 Strijers mentioned that the total value of open contracts exceeds $2 billion, with key strike prices concentrated at $70,000, $75,000, and $80,000, indicating strong market expectations for a rise.
🔍 Market highlights:
Surge in call options: The put/call ratio is 0.55, suggesting increased investor confidence in rising prices ahead. Increased volatility: The forward implied volatility is as high as 72.29%, and Bitcoin's price may fluctuate around 3.78% in the days following the election, meaning investors need to be prepared for market volatility.
In this uncertain time, while seizing market opportunities, also be cautious about risks! 💡 What are your views on the upcoming trend? Everyone is welcome to discuss! 💬✨
